TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS) : NON RELATED PARTY TRANSACTIONS KINERGY ADVANCEMENT BERHAD [REGISTRATION NO. 199701005009 (420505-H)] ("KINERGY" OR THE "GROUP") SALE AND PURCHASE AGREEMENT ENTERED BETWEEN KAB ENERGY HOLDINGS SDN. BHD. ("KABEH"), A WHOLLY OWNED SUBSIDIARY OF THE GROUP AND B.GRIMM POWER TIARA SDN. BHD. IN RELATION TO THE PROPOSED SHARE DIVESTMENT OF 49% OF THE ISSUED ORDINARY SHARES HELD BY JATI CAKERAWALA SDN. BHD. ("PROPOSED DIVESTMENT")
| KINERGY ADVANCEMENT BERHAD |
| Type | Announcement |
| Subject | TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS) NON RELATED PARTY TRANSACTIONS |
| Description | KINERGY ADVANCEMENT BERHAD
[REGISTRATION NO. 199701005009 (420505-H)] ("KINERGY" OR THE "GROUP")
SALE AND PURCHASE AGREEMENT ENTERED BETWEEN KAB ENERGY HOLDINGS SDN. BHD. ("KABEH"), A WHOLLY OWNED SUBSIDIARY OF THE GROUP AND B.GRIMM POWER TIARA SDN. BHD. IN RELATION TO THE PROPOSED SHARE DIVESTMENT OF 49% OF THE ISSUED ORDINARY SHARES HELD BY JATI CAKERAWALA SDN. BHD. ("PROPOSED DIVESTMENT") |
Pursuant to Paragraph 10.05(2) of the Main Market Listing Requirements (“Main LR”) of Bursa Malaysia Securities Berhad (“Bursa Securities”), the Board of Directors of KINERGY wishes to announce that the definitive terms of the proposed share divestment have been finalised. Pursuant thereto, KAB Energy Holdings Sdn. Bhd. ("KABEH") entered into a Sale and Purchase Agreement ("SPA") with B.Grimm Power Tiara Sdn. Bhd. ("BGPTSB"), for the purpose of divesting 1,960,784 ordinary shares (“Share Divestment”), being 49% of the issued share capital of Jati Cakerawala Sdn. Bhd. (“Jati”) held by KABEH for a total consideration of RM41,521,052.67.
Please refer to the attachment for further details of announcement.
This announcement is dated 28 January 2026.
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Please refer attachment below.
Announcement Info
| Company Name | KINERGY ADVANCEMENT BERHAD |
| Stock Name | KINERGY |
| Date Announced | 28 Jan 2026 |
| Category | General Announcement for PLC |
| Reference Number | GA1-22012026-00072 |